The two major factors that will shape the Global equity markets for this month are Russia and Fed.
The challenge before Russia is to send a strong enough signal without starting World War Three. Showing measured anger is difficult . But showing restraint is frustrating !! So every move on this front will send ripples across markets .
Fed on the other hand is much more predictable . Hopefully they start raising the interest rate in Dec . Once the interest rates goes up , apart from the initial reallocation of resources , markets will price it in and move on . The unending anticipation has been more painful.
Indian equity markets was closed yesterday . Once they open today that will have to factor in a lot of news flows.
However now that the Oil has cooled down and Russia has shown restraint we may expect market to open flat .
Sun Pharma may move up on news flows . The company has put on hold its plans to invest in wind energy ! Investors have already lost money in Suzlon. They do not want another ‘ Gone with the Wind ‘ with Sun Pharma.